Revenue of NetEase for the December quarter jumped 53% from a year ago to 12 billion yuan, 12% above consensus forecasts. Non-GAAP net income soared 68% year-on-year to 4 billion yuan, 22% above consensus estimate, despite the weaker yuan.

Online gaming revenue drove NetEase’s earnings, jumping 62.8% from a year ago to 9 billion yuan, accounting for 71% of total revenue. Mobile gaming revenue soared 82.8% year-on-year to 5.8 billion yuan, accounting for 64% of total gaming revenue. PC gaming did not do badly either, up 36.3% year-on-year.

NetEase has had some incredible execution in recent years, and its pipeline still contains important new launches ahead such as Minecraft later this year.

Source: barrons

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